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Forbes
Forbes
28 May 2024


Former FTX executive Ryan Salame was sentenced to seven and a half years in prison Tuesday, federal prosecutors said, months after pleading guilty to campaign finance and unlicensed money transmitting charges—marking the first prison sentence for an associate of Sam Bankman-Fried, who is facing a 25-year sentence following his crypto empire’s collapse.

FTX Bankman Fried

Salame is the first associate of Sam Bankman-Fried to be sentenced to prison.

Copyright 2023 The Associated Press. All rights reserved

This is a breaking story and will be updated.

Another FTX Executive—Ryan Salame—Pleads Guilty To Criminal Charges Over Company's Collapse (Forbes)

Sam Bankman-Fried Speaks: ‘My Useful Life Is Probably Over,’ As He’s Sentenced To 25 Years (Forbes)